Friday, January 13, 2023

Global rates could be 'high for long': RBI governor Shaktikanta Das

Slowing inflation has prompted several economists to forecast an imminent end to the US Federal Reserve's rate-tightening cycle, hauling Wall Street indices from 52-week lows. Lately, the technology-heavy Nasdaq, the stock gauge most battered by Fed's liquidity drainage, has climbed about 8% from lows on expectations of a pause in the rate cycle by the summer.

from Economy-News-Economic Times https://ift.tt/MjiaX2K
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